Another $20M for Motif Investing

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Motif Investing, the San Mateo, CA-based startup developing a new investing portal, disclosed its $7 million Series A round round just weeks ago. But today the company says that it has raised $20 million more, in a Series B round led by new investor Ignition Partners of Seattle. The round was joined by existing investors Norwest Venture Partners and Foundation Capital. Founders Hardeep Walia, a former Microsoft executive, and Tarig Halily, a former hedge fund analyst, say they expect a fall 2011 launch for their site, which will allow individuals to invest around themes or “motifs” such as cloud computing.

Wade Roush is the producer and host of the podcast Soonish and a contributing editor at Xconomy. Follow @soonishpodcast